RARE MOTION
Looking at the charts,
1) RARE broke the first channel to hit 2.3
2) It reject that zone back to 1.66
3) Rejecting 1.66 back to 2.3 a second time
4) Rejected that Zone again but only went as far as 1.827 (Support zone + Channel range)
5) Forms a bullish engulfing candle at that zone and continue upwards to 2
6) Next zones are 2.1 and 2.3 on 4hrs chart
7) Higher chance of an upward movement than a lower movement
8) NFT season still in progress (Metaverse a major factor)
ABC =
A: Denotes most possible movement
B: Alternative movement (Obviously if its not up then its most likely down "few movements to the right at this time")
C: Least but possible movement showing next support zone according to pattern movements.
Crypto chart reading is still something most of us are still learning due to the cycle movements and flash crash. With more time and practice. We'll get it right!!!
1) RARE broke the first channel to hit 2.3
2) It reject that zone back to 1.66
3) Rejecting 1.66 back to 2.3 a second time
4) Rejected that Zone again but only went as far as 1.827 (Support zone + Channel range)
5) Forms a bullish engulfing candle at that zone and continue upwards to 2
6) Next zones are 2.1 and 2.3 on 4hrs chart
7) Higher chance of an upward movement than a lower movement
8) NFT season still in progress (Metaverse a major factor)
ABC =
A: Denotes most possible movement
B: Alternative movement (Obviously if its not up then its most likely down "few movements to the right at this time")
C: Least but possible movement showing next support zone according to pattern movements.
Crypto chart reading is still something most of us are still learning due to the cycle movements and flash crash. With more time and practice. We'll get it right!!!
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